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Straits Trading acquires $12.2 mil stake in Saitama residential property

Property

Straits Trading acquires $12.2 mil stake in Saitama residential property

PC Lee Published on Thu, Mar 15, 2018 / 8:27 AM GMT+8

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SINGAPORE (Mar 15): The Straits Trading Company has taken a stake in a residential property in Higashi Kawaguchi, Saitama, Japan, via the Savills IM Japan Residential Fund.

The property was completed in March and comprises 134 apartment units with a total net lettable area of 6,957 sqm.

The value of the acquisition is JPY 989 million ($12.2 million) which will be funded by internal resources and bank borrowings.